FOMC Minutes Tomorrow. Jackson Hole in Nine Days. Here Is What Gold Needs From Both.

Gold is at $4,390 and silver at $64.74 as five forces hit the market at once. The Iran ceasefire expired. FOMC minutes drop tomorrow. Warsh speaks at Jackson Hole in nine days. Central banks just recorded the strongest Q2 gold buying on record. And silver is falling harder than gold — here is why each move matters.
Gold Needed One Thing to Break $4,400. It Just Got Five of Them.

Five distinct market developments on August 17 point to the same conclusion: the policy ceiling holding gold below $4,500 is crumbling faster than most investors expected.
Jackson Hole Is 14 Days Away. What Warsh Says Could Move Gold More Than Any Inflation Print.

Fed Chair Warsh calls Jackson Hole a chance to frame “the big questions.” Here’s the real-yield mechanism that makes his August 27 speech the most important gold catalyst of the month.
